diff --git a/CHANGELOG.md b/CHANGELOG.md
index 02a1956fe4..6f71c1414c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+Changes in [3.28.1](https://github.com/vector-im/element-desktop/releases/tag/v3.28.1) (2021-08-17)
+===================================================================================================
+
+## 🐛 Bug Fixes
+ * Fix multiple VoIP regressions ([matrix-org/matrix-js-sdk#1860](https://github.com/matrix-org/matrix-js-sdk/pull/1860)).
+
 Changes in [3.28.0](https://github.com/vector-im/element-desktop/releases/tag/v3.28.0) (2021-08-16)
 ===================================================================================================
 
diff --git a/package.json b/package.json
index 0d56a0051c..570c7d85b1 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "matrix-react-sdk",
-  "version": "3.28.0",
+  "version": "3.28.1",
   "description": "SDK for matrix.org using React",
   "author": "matrix.org",
   "repository": {
@@ -80,7 +80,7 @@
     "katex": "^0.12.0",
     "linkifyjs": "^2.1.9",
     "lodash": "^4.17.20",
-    "matrix-js-sdk": "12.3.0",
+    "matrix-js-sdk": "12.3.1",
     "matrix-widget-api": "^0.1.0-beta.15",
     "minimist": "^1.2.5",
     "opus-recorder": "^8.0.3",
diff --git a/yarn.lock b/yarn.lock
index 61207aa03d..1c425e205c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5738,10 +5738,10 @@ mathml-tag-names@^2.1.3:
   resolved "https://registry.yarnpkg.com/mathml-tag-names/-/mathml-tag-names-2.1.3.tgz#4ddadd67308e780cf16a47685878ee27b736a0a3"
   integrity sha512-APMBEanjybaPzUrfqU0IMU5I0AswKMH7k8OTLs0vvV4KZpExkTkY87nR/zpbuTPj+gARop7aGUbl11pnDfW6xg==
 
-matrix-js-sdk@12.3.0:
-  version "12.3.0"
-  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-12.3.0.tgz#b4de14e9c26257e3137eb020b6b13678b01e37d7"
-  integrity sha512-ywdlpVnwTiddLCvh/sKaZ0/0CVTqqbKPsfpsKduH9GWzwXA/Jrkwt//ryU8l9MjJTrjLnwxTYgnjZgeEp4h5kQ==
+matrix-js-sdk@12.3.1:
+  version "12.3.1"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-12.3.1.tgz#efa9172e96722afb03cb0e866b047022a7c6cb17"
+  integrity sha512-ysF6FQIjz8NaQHpXRs0VD1uh5kNi4tZh7NNPq54nS9YoDC7F681n2srFhoQn4M/Bv5tBLWWGNjKufXTLHp5j5g==
   dependencies:
     "@babel/runtime" "^7.12.5"
     another-json "^0.2.0"